Atlanta Internet Bank Is Coaxing
Cost-Conscious Consumers to Web

For four months, Mike Milde banked and paid his bills on-line through Wachovia Bank. But he complained that he frequently had trouble accessing the bank's computer system and he thought the $6.95 monthly bill-payment fee was high.

So Mr. Milde of Alpharetta, Ga., switched -- not to a bricks-and-mortar bank but to Atlanta Internet Bank , an Internet-only financial institution that debuted in October 1996.